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Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

U.S. House prices increase slightly in July

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Canada's economy shows growth in July, but growth stalled in

U.S. existing home sales decline in August

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

U.S. Consumer Confidence falls in September

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Swiss franc likely to gradually depreciate against euro in coming months

Malaysian headline inflation falls further in October, likely to remain negative in 2020

United States building permits

Reserve Bank of India likely to stand pat in December

Germany's unemployment exceeds expectations in September

U.S. weekly jobless claims unexpectedly decrease

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U.S. personal income and spending rose less than expected in August

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Better US data though RoW looks soft

Thursday, July 2, 2015 1:56 AM UTC

Stronger US data gave a bid tone to USD ahead of tonight's payrolls. ADP came in above expectations at 237K (cons 218K) while ISM also beat expectations at 53.5 (cons 53.2), despite yesterday's soft Chicago PMI which rattled markets. The key underlying details were mostly better (new orders and employment accelerated, production slowed).

US economists highlights the comments show stability in the manufacturing space though also point to weakness outside the US - "automotive industry remains strong and is expected to stay that way through 2015" (Fabricated Metal Products) though "business continues to hold in the US [but is] soft in Europe and in decline in Asia" (Transportation Equipment).

EUR/USD is now testing 1.1050 while USD/CAD drifted up a big figure to 1.26.

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Better US data though RoW looks soft

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